10 Awesome Business Ideas Under 1 Lakh: Business ideas are something that everyone wants, regardless of whether they’re an experienced entrepreneur or just someone who’s intrigued by the idea of starting their own business.
10 Awesome Business Ideas Under 1 Lakh
Starting your own business and seeing it grow from the ground up can be exciting, especially if you know that you have good business ideas that will appeal to lots of people. But what about those who don’t have much money? What about those who don’t have enough resources to hire designers or developers or other professionals to help them get their business off the ground?
1) Day Care
Day care is a huge business opportunity that’s waiting to be tapped into. There are multiple avenues you can explore: from creating large day care centers for children to focusing on specific age groups, like infants and preschoolers. So if you’re looking for a business idea with plenty of room for growth, consider starting your own day care center!
Depending on how involved you want to get, there are a number of ways to start off: by renting out space in an existing facility or buying a building outright; by taking charge at an established location or directing operations as part of an employment agency.
2) Digital Signage
There is a growing trend of using digital signage to attract potential customers and showcase products. It’s becoming an essential marketing tool for businesses looking to make a mark in their market. It can be used for everything from retail shops to restaurants, gyms, hotels and public spaces.
With digital signage, you can get your business in front of countless eyeballs in just minutes – all it takes is an internet connection. So if you have been wondering how to start a business with no money or resources, look no further than digital signage! Here are some ways that you can use digital signage as part of your business plan
3) Amazon FBA Business
While many people are looking for ways to earn money online, few think of starting a business on Amazon. But selling items through Fulfillment by Amazon (FBA) is one of those rare business ideas that can be started with little startup capital and in less than a week.
Plus, FBA businesses aren’t subject to sales tax and have access to Amazon’s top-notch fulfillment and customer service network. When it comes to earning a living on Amazon, there are two things you can do: first, sign up as an individual seller; second, start an Amazon FBA business. Let’s look at both options… Starting your own business requires more than just an idea – it requires planning.
Many great plans stay locked away in our minds never making their way onto paper, but even if you don’t plan to launch your venture today or tomorrow, it’s smart to get things down on paper sooner rather than later. You’ll find three main components.
When writing a business plan: (1) An executive summary , which should grab your reader’s attention right off the bat; (2) The body , which goes into greater detail about your product or service and how you’ll make money from it; and (3) A financial projection showing where all of your funding will come from and how much cash will flow out during different phases of operation.
4) Start an online Grocery Store
Starting an online grocery store is actually a great business idea under one lakh rupees. Get yourself a niche, like Green Products or Gifts for Mothers. Another way of starting an online business from scratch is to sell something which is not easily available in your city through classified ads or even websites like olx, quikr and gumtree.
Make sure you do enough research and know about all your product prices in-and-out before you get into it. So without any further delay, here are ten awesome business ideas that are easy to start with investment less than 1 lakh rupees.
5) Secondhand Phone Repair Shop
If you have little tech knowledge but some business savvy, starting a secondhand phone repair shop could be just what you need to get your first business off and running. The cost of mobile devices continues to rise, but their resale value drops like a rock once you take them out of their box.
If you can offer services that fix issues with older models and get people on a 2-year contract with new phones—you’ll be able to make money without breaking your bank account. Use all your internet resources to find out what’s hot and what’s not right now when it comes to smartphone repairs, so that you don’t lose customers unnecessarily due to being behind in today’s market.
It’ll take time for your profits to build up, but if you’re planning on staying in business for years to come, it’ll be worth investing some time into this aspect of your operation from day one. Do yourself a favor: spend weeks researching everything there is about repairing phones before actually opening up shop. You want to know enough about fixing iPhones and Samsung Galaxies before actually opening up shop!
6) Content Marketing Agency
Think about all of those blogs, social networks, and other media outlets that rely on native advertising—posts where brands sponsor content. As more and more people spend time reading these posts, they expect them to be as valuable and interesting as everything else they read online.
There are entire agencies dedicated to helping brands create native ads that work; hiring one of these agencies will cost you thousands of dollars, but if you’re starting a content marketing agency from scratch and need some help getting started with your first campaigns, it’s money well spent. Once you have your native ad campaigns running smoothly (and efficiently), it’s time to think about scaling up to grow your business.
That may mean hiring new employees or training freelancers or finding ways to pay others to handle different parts of your company while you oversee everything. It’s also important to maintain consistent branding in all of your native ad campaigns so that consumers know exactly who is sponsoring each piece of content.
If you’re looking for guidance on how to do any or all of these things, check out Inc.’s guide. And remember: Content marketing doesn’t always have to mean writing!
Branding is an essential part of making sure consumers know what makes you unique and when it comes down to it, even photos can make great brand impressions… especially when paired with good text copy in an attractive layout.
7) Luxury Linen Rental (bedsheets, towels, bathrobes etc.)
Linen rental businesses can serve a variety of functions and markets. Here, you can rent luxury linens to B&Bs, hotels, resorts and spas. The business could be seasonal or operate year-round depending on your clientele. It’s also great if you live in a place with famous tourist destinations (read: NYC, San Francisco),
So that you can capitalize on out-of-towners’ desire for comfort by renting bedsheets to them as they travel. This business has relatively low overhead – all you need is a product to rent – which means it will make good money at scale. And you don’t necessarily have to start small; entrepreneurs are running successful linen rental operations with over a hundred thousand dollars invested. Find more information about starting up a luxury linen service here .
[Note: While some online sources list an average starting cost of $6,000+ for getting started in beginning a linen service , there are others such as BiggerPockets who say you can start under $500 !] Read More…
[Note 2: In addition, there’s an opportunity to get rich slowly here too!
8) App Development
One of India’s most sought-after fields today, app development is a hot career option for those looking to enter India’s growing startup ecosystem. App developers work across multiple mobile platforms to design and build apps for clients and companies, or even for their own start-ups.
While not all app developers need formal education, many organizations seek qualified candidates with degrees in computer science or information technology. You can also consider self-learning by taking online courses or enrolling in a specialized skill development program.
As your expertise grows, you can expand your offering from basic apps to complex web and cloud-based systems that companies use as ecommerce solutions, digital publications and more.
9) Website Designing & Development Company
This is a unique way to start your business. First, come up with a plan of how you want your site to look like and what information you want to share. Once you are done with it, get in touch with a website designing company, who can give your site an attractive look and help you develop it further.
You can also do some promotion for your site on social media platforms like Facebook, Twitter and Google Plus so that it reaches out to more people. At first, it might take time for people to reach out to you but as your business grows popular day by day, clients will start coming in themselves once they get convinced by your work that they need it in their business or homes.
The best part about starting your own website design business is that anyone can do it! The best part? It isn’t expensive either, there are various options available where you don’t have to invest much money! A good example would be WordPress websites, where we basically have everything ready at our fingertips.
All we need to do is fill in templates/pages of our choice with relevant content and voila! There you go: instant professional-looking web page for a fraction of money one usually pays for developing websites.
10) Book Publishing Company
Amazon’s Self-Publishing Platform, CreateSpace (owned by Amazon), supports independent authors. The company has a number of helpful guides to assist you in getting started, and it can also distribute your book through Amazon channels.
If you’re looking for professional publishing help—and if your budget is big enough—you can hire companies like BookBaby or IngramSpark, who will act as print-on-demand publishers for you. Print runs start at about 500 books, but on a larger scale you’ll find services that handle distribution and printing (and sometimes even marketing) for bigger projects. From there, pricing is similar to an offset publisher.
You get charged per copy sold plus shipping and digital files cost extra. Printing for one book can run $1-$5 per copy, but drop dramatically with each additional title. It gets easier when multiple titles are packaged together.
The Income Reports are part of what make me so confident in my ability to earn income online – I used more than 20 different programs over my internet income journey and I have made money with all of them!
So don’t lose hope – just be persistent, I’ve had some failures too though – I know how bad it feels to lose money online because you’ve put so much effort into building something up!
Also Read: 10 Business Ideas For Under 50k
Conclusion
Starting a business is hard. The good news is you don’t need a lot of money to get started. In fact, with 10 amazing business ideas under Rs 1 lakh, you can build your business without having to break your bank! These business ideas have been proven time and again by many successful entrepreneurs around India.
With just a small amount of capital, you can get these businesses up and running in no time – giving yourself an opportunity to change your life forever. What are you waiting for? Let’s dive in!
